I would say alternatively a personal business LOC but the origination charge of that alone could be 9%.

I have a few personal conventional loans on some rental properties under my own name.

A price that they will pay for the other half or sell their half, that way neither person can feel ripped off.

Personally, I'd reach out to a local attorney or cpa that specializes in RE for guidance. 

Hello everyone, anyone I have spoke to about REI in my personal life all tell me the same thing: don’t get into real estateThey are all people who have had properties themselves, have tried to rent them out and have told me horror stories of tenants and how repair costs or costs to property managers make it disadvantageous to earn profit or scaleI’m trying to invest with my spouse who is also included in these conversations.

Or just fund the deal personally and buy it in your name (if you want to own it in your personal name). 

I am hoping that a solid boots on the ground person whom I trust will help make the process less daunting from afar. 

I personally love the Cleveland market for its cash flow. 

Are there indy lenders who lend personal capital? 

I'm 24 so personally I'd try to hold the SF's while getting the equity out.